HeidelbergCement has identified five assets to sell in a review of its business and has had a good start to 2021, its chief executive told Reuters, as the world’s No.2 cement maker enters the next phase of its plan to...
LafargeHolcim to buy Firestone Building Products in $3.4 billion deal
LafargeHolcim, the world’s biggest cement maker, on Thursday announced a $3.4 billion deal to buy Firestone Building Products from Japan’s Bridgestone Corporation in its biggest acquisition in more than a decade. The...
Cemex sees merger of two European units in effect from December
Mexican cement maker Cemex said on Friday its plan to merge European units Cemex Espana and New Sunward Holding should be registered by the end of this year or soon afterward, and would then be retroactively in effect...
Former resolution professional moves NCLT on ‘fraud’ in Bheema Cements’ forensic audit
Days after the Ministry of Corporate Affairs ordered a probe into alleged fraud at Bheema Cements that recently changed hands in a bankruptcy resolution, its former resolution professional moved the National Company Law...
Dalmia Cement buys Indian Energy Exchange shares worth over Rs 144 cr
Dalmia Cement (Bharat) Ltd on Wednesday purchased shares of the Indian Energy Exchange (IEX) worth over Rs 144 crore through an open market transaction. The shares were sold by DVPL Ventures LLP, according to bulk data...
Emami may sell land, non-core assets to bring down promoter pledging
Promoters of Emami may look at selling land parcels and non-core assets as part of their deleveraging plan. Promoter pledge in Emami has reduced to below 55 per cent, from a high of 90 per cent, after sale of its cement...
CCI approves acquisition of Emami Cement by Nirma promoter Nuvoco Vista
Competition Commission of India (CCI) on Thursday said it has approved the proposed acquisition of Emami Cement by Nuvoco Vistas Corporation, which is a Nirma promoter group company. In February, Nuvoco Vistas —...
Damanis increase stake in India Cements to 19.89%
Radhakishan S Damani family, the promoters of retail chain D-Mart, has increased shareholding in India Cements Ltd by 15.16 per cent as of March 2020. Radhakishan S Damani and his brother Gopikishan S Damani now...
DMart owner hikes stake in India Cements to 19.9%, stock zooms 13%
Radhakishan S Damani, promoter of DMart chain of supermarkets, along with Gopikishan S Damani, has increased the stake in India Cements to 19.89 per cent as of the end of March quarter. Damani’s stake in the cement...
Deal to sell cement biz to Nirma has not fallen, says Emami
The Emami group on Thursday said a Rs 5,500-crore deal to sell its cement business to the Nirma group is subject to approval from the Competition Commission of India (CCI) and other third parties, quelling speculations...
LafargeHolcim to keep Philippines business after San Miguel deal collapses
LafargeHolcim has decided to keep its $2.15 billion Philippines business after a deal to sell the operation collapsed, the world’s biggest cement maker said on Monday. The agreement to sell four cement plants and one...
Damani family increases stake in India Cements from 11.98% to 16%
Damani family, one of the richest families in India, has further increased their stake in India Cements Ltd from 11.98 per cent to 16 per cent through open market transactions till March 16, 2020. On February 26, India...
